Chicago Mercantile Exchange live and feeder cattle were modestly higher, closing before the start of the week’s widespread direct business. February live was up $.52 at $160.27 and April was $.30 higher at $164.12. March feeders were $.17 higher at $186.10 and April was up $.55 at $190.62.
Light direct cash cattle business was reported Friday, limited to the north and the Western Corn Belt. Dressed sales were at $250, up $2 from the previous week’s weighted average in Nebraska, with live sales at $159 to $160.